(A) In addition to the bond set forth above, a grantee shall, at least 30 days prior to the commencement of operation, file with the grantor a performance bond in the amount specified in a franchise agreement in favor of the grantor and any other person who may be entitled to damages as a result of any occurrence in the operation or termination of the telecommunications system operated under a franchise agreement, and including the payments required to be made to the grantor hereunder.
(B) Such bond as contemplated herein shall be in the form approved by the grantor and shall, among other matters, cover the cost of removal of any properties installed by a grantee in the event said grantee shall default in the performance of its franchise obligation.
(C) In no event shall the amount of said bond be construed to limit the liability of a grantee for damages.
(2011 Code, § 14.16.020) Penalty, see § 114.999